Presenter: John Black, President & CEO
Originally Filmed on August 12, 2020
Regulus Resources Inc. is an international mineral exploration company led by an experienced management team who have had previous success with Antares Minerals, taking that company’s Haquira project from a small copper oxide deposit to a PEA-stage Tier 1 porphyry copper deposit that was sold to First Quantum Minerals for $650M in 2010. Regulus’ flagship project is the AntaKori copper-gold-silver sulphide project in northern Peru which neighbours two operating mines that will both require more ore to avoid closure in the coming years. Regulus' AntaKori project currently hosts a large resource with indicated mineral resources of 250 Mt with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 Mt with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (released March 1, 2019). Some of the highest grade mineralization on the project can be found very close to surface. Mineralization remains open in most directions and with a new permit in hand, Regulus is poised to begin drilling a new target that has the potential to significantly increase the size of the resource.
In addition to its 2020 drilling campaign, expected to commence in September 2020, Regulus is planning to complete metallurgical test work already under way by the end of the year. In 2021, the company expects to update its mineral resource estimate and complete a Preliminary Economic Assessment (PEA) on the AntiKori project. Similar to what it accomplished with Antares Minerals, the goal of Regulus management is to advance the AntaKori project to a point where it can be divested to a mid-tier or major mining company in order to recognize maximum value for shareholders without having to go through the typically painful abandonment stage of the Lassonde curve that typically occurs for those companies looking to advance their project to the mining stage on their own. Potential suitors include, but are not limited to, Buenaventura and Gold Fields, which have neighbouring operations to AntaKori. Regulus management and directors hold over 13% of the shares in the company, and as such their interests are well-aligned with the interests of other shareholders.
Presenting on behalf of Regulus Resources is John Black, President & CEO of Regulus. John is an economic geologist with more than 30 years of exploration experience globally. His professional credentials include a B.Sc. degree in Geology and M.S. degree in Geology – Ore Deposits Exploration from Stanford University. As founding President of Antares Minerals, John was instrumental in acquiring the Haquira project in Peru and the key driver in negotiating the sale of Antares to First Quantum Minerals for C$650 million. John’s early career includes work with Bear Creek Mining Company, Kennecott Minerals Corporation, Rio Tinto and Western Mining Corporation and he currently serves as the CEO and director of Aldebaran Resources.
For more information on Regulus Resources, please visit: https://www.regulusresources.com/
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